Cenovus Energy said on Friday it will acquire MEG Energy in a cash-and-stock deal worth C$7.9 billion ($5.68 billion), including debt, creating one of Canada’s largest oil sands producers.The transaction will bring together MEG’s Christina Lake oil sands operations in Alberta with Cenovus’ adjacent assets, boosting combined output to more…
Argentine president Milei’s administration suffered a major legislative blow after the Senate rejected a dozen presidential decrees at once and passed spending increases for public universities, highlighting the difficulties that Milei’s austerity government will face.Since assuming office in December 2023 and vowing to drastically reduce state expenditures and rein in…
Workday (NASDAQ: WDAY) shares fell 6% on Friday’s session after the human resources and finance software company delivered fiscal second-quarter results that beat analyst expectations but issued third-quarter guidance largely in line with consensus. Investors were left underwhelmed as subscription revenue projections showed little upside, apart from a modest lift…
China Concord Resources Corp (CCRC) is developing two oilfields in Venezuela with investment plans exceeding $1 billion and ramping up crude production to 60,000 barrels per day (bpd) by the end of 2026, an executive directly involved said to Reuters. The investment is one of the few made by a…
Canada is set to remove a number of retaliatory tariffs on US goods, a move that comes after months of rising trade tension with Washington. As per a Bloomberg report, Prime Minister Mark Carney is expected to make the announcement after a cabinet meeting. The rollbacks cover many products under…
From Wall Street’s surge on Powell’s rate-cut hints to Canada’s softer line on US tariffs and Donald Trump’s push for $2 billion to overhaul Washington, it’s been a busy day across finance and politics. Here are the biggest news stories that made headlines today.Powell signals possible rate cuts as Wall…
Intel Corp (NASDAQ: INTC) is rallying late on Friday after President Donald Trump confirmed the US government has finalised a deal to take a 10% equity stake in the beleaguered chipmaker.The aforementioned agreement marks an extraordinary federal intervention in corporate America.The announcement, expected to be formalized later in the day,…
Fed chair Jerome Powell struck a dovish tone at the Jackson Hole symposium Friday, signalling a shift in policy focus toward supporting a softening labour market, rather than preemptively tightening to curb inflation.While he did not explicitly commit to a rate cut, his remarks were seen as opening the door…
LATAM is establishing itself as a vital hub in the global bitcoin ecosystem, with new milestones demonstrating both rapid acceptance and rising creativity.This week’s highlights are that Peru is progressing with blockchain in mining and digital currency, preparing for on-chain elections in 2026, while Buenos Aires launches BA Cripto, allowing…
Spain is emerging as one of Europe’s strongest economic performers, outpacing its larger neighbours with robust growth driven by tourism, foreign investment, immigration, and renewable energy advantages. The southern European nation is forecast to expand its gross domestic product (GDP) by 2.5% this year, compared with sluggish growth in France…